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Foreign | | 1998 | | | 1999 | | | 1998 | | | 1999 | | |
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Currency | | Aug. 14 | Aug. 9 | Aug. 10 | Aug. 11 | Aug. 12 | Aug. 13 | Aug. 14 | Aug. 9 | Aug. 10 | Aug. 11 | Aug. 12 | Aug. 13 |
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1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
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| | RBI's Reference Rate (Rs. per U.S. Dollar) | | | Foreign Currency per Rs. 100@ | |
| | 43.0800 | 43.5400 | 43.4500 | 43.4900 | 43.4700 | 43.4600 | | (Based on Middle Rates) | |
| | FEDAI Indicative Rates (Rs. per Foreign Currency) | | | | | | | |
U.S. | { Buying | 43.0600 | 43.5350 | 43.4450 | 43.4900 | 43.4500 | 43.4550 | 2.3213 | 2.2967 | 2.3015 | 2.2994 | 2.3004 | 2.3010 |
Dollar | Selling | 43.0800 | 43.5450 | 43.4500 | 43.5000 | 43.4600 | 43.4650 | | | | | | |
Pound | { Buying | 69.8725 | 69.9900 | 69.7550 | 70.1750 | 69.9200 | 70.1550 | 1.4303 | 1.4282 | 1.4328 | 1.4239 | 1.4291 | 1.4252 |
Sterling | Selling | 69.9325 | 70.0200 | 69.8150 | 70.2350 | 69.9800 | 70.1825 | | | | | | |
Euro | { Buying | 50.4400 $ | 46.5300 | 46.5900 | 46.5475 | 46.2875 | 46.4275 | 1.9798 $ | 2.1483 | 2.1439 | 2.1472 | 2.1583 | 2.1533 |
| Selling | 50.5800 $ | 46.5550 | 46.6225 | 46.5800 | 46.3150 | 46.4500 | | | | | | |
100 Yen | { Buying | 29.6525 | 37.7900 | 37.8075 | 37.8900 | 37.5550 | 37.8175 | 337.15 | 264.57 | 264.06 | 263.74 | 266.01 | 264.38 |
| Selling | 29.6875 | 37.8100 | 37.8475 | 37.9275 | 37.5950 | 37.8425 | | | | | | |
| Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) | | | | | | |
1-month | | 6.69 | 4.13 | 4.42 | 5.52 | 5.80 | 4.97 | | | | | | |
3-month | | 7.61 | 4.32 | 4.42 | 4.97 | 5.34 | 4.51 | | | | | | |
6-month | | 8.12 | 4.69 | 4.88 | 5.43 | 5.52 | 4.88 | | | | | | |
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@ : | These rates are based on RBI Reference rate for US dollar and middle rates of cross-currency quotes. These rates are announced by RBI with effect from January 29, 1998. |
$ : | These rates are as on January 4, 1999. | | | | | | | | | |
Note : 1. The unified exchange rate system came into force on March 1, 1993. |
2. With the introduction of Euro effective January 1, 1999, the buying and selling rates of Rupees per Deutsche Mark (FEDAI indicative |
rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively. |